Brief: Eiof - Credit Approved Term Sheet For Refinancing Of Debt, Stronger Financial Position

Eidesvik Offshore ASA

27/08/2021 16:38

Aug 27 (Reuters) - Eidesvik Offshore ASA  EIOF.OL :
    * AGREED TERMS PROVIDE MECHANISMS FOR EXTENSION OF FINAL
MATURITIES OF DEBT FACILITIES FROM END OF 2022 TO END OF 2023
    * UPON AGREEING AND SIGNING FINAL DOCUMENTATION, DEBT
REPAYMENTS
OF APPROXIMATELY NOK 309 MILLION WILL BE MADE
    * EIDESVIK OFFSHORE - THERE WILL BE NO FURTHER FIXED DEBT
AMORTIZATION IN 2021
    * EIDESVIK OFFSHORE - SCHEDULED AMORTIZATION FOR 2022 TO BE
REDUCED FROM ABOUT NOK 311 MILLION TO NOK 106 MILLION
    * CONFIDENT THAT CO WILL MEET FINANCIAL TRIGGERS REQUIRED TO
AUTOMATICALLY EXTEND FINAL MATURITIES TO END 2023
    * EIOF - CREDIT APPROVED TERM SHEET FOR REFINANCING OF DEBT,
STRONGER FINANCIAL POSITION 

Source text for Eikon:  ID:nObiLHldJa 
Further company coverage:  EIOF.OL 

 ((Reuters.Briefs@thomsonreuters.com;))